Crude stays up after Fed Beige Book

MomingZhou

NEW YORK (MarketWatch) -- Crude oil futures stayed above $81 a barrel Wednesday after the Federal Reserve noted small gains in economic activity but weakness in the commercial-real estate and banking sectors. In the central bank's so-called Beige Book, districts also reported little or no price pressures. Crude for December delivery rose 2.8% to $81.36 a barrel in latest trading. It hit $82 earlier in the session.

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